{"id":470464,"date":"2026-02-10T11:19:07","date_gmt":"2026-02-10T11:19:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/470464\/"},"modified":"2026-02-10T11:19:07","modified_gmt":"2026-02-10T11:19:07","slug":"harvey-reportedly-raising-at-11b-valuation-just-months-after-it-hit-8b","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/470464\/","title":{"rendered":"Harvey reportedly raising at $11B valuation just months after it hit $8B"},"content":{"rendered":"<p id=\"speakable-summary\" class=\"wp-block-paragraph\">There appears to be no stopping legal AI startup Harvey\u2019s skyrocketing growth, with VCs continuously throwing money at it. The company is reportedly in talks to raise another $200 million at an $11 billion valuation led by Sequoia and Singapore\u2019s GIC, <a href=\"https:\/\/www.forbes.com\/sites\/iainmartin\/2026\/02\/09\/legal-ai-startup-harvey-in-talks-to-raise-200-million-at-11-billion-valuation\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">sources told Forbes.<\/a><\/p>\n<p class=\"wp-block-paragraph\">If the deal closes, Harvey\u2019s valuation would jump by $3 billion in a matter of months. In December the company confirmed it had raised $160 million <a href=\"https:\/\/techcrunch.com\/2025\/12\/04\/legal-ai-startup-harvey-confirms-8b-valuation\/\" rel=\"nofollow noopener\" target=\"_blank\">at an $8 billion valuation<\/a> led by Andreessen Horowitz <a href=\"https:\/\/www.forbes.com\/sites\/iainmartin\/2025\/10\/29\/legal-ai-startup-harvey-raises-150-million-at-8-billion-valuation\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">last fall<\/a>. (Harvey declined to comment on its potential new raise.)<\/p>\n<p class=\"wp-block-paragraph\">Back in June, it announced a $300 million Series E at a $5 billion valuation led by Kleiner Perkins and Coatue. A few months before that, in February 2025, it gobbled up a Sequoia-led\u00a0<a href=\"https:\/\/www.harvey.ai\/blog\/harvey-raises-series-d\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$300 million Series D<\/a>\u00a0at a $3 billion valuation.<\/p>\n<p class=\"wp-block-paragraph\">The startup, which offers an LLM AI for law firms, hit an annual recurring revenue rate of $190 million by the end of 2025, founder CEO Winston Weinberg shared <a href=\"https:\/\/www.linkedin.com\/posts\/winston-weinberg_2025-was-a-big-year-for-harvey-a-few-highlights-activity-7415020362184187905-Cnia\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">on LinkedIn<\/a>. That was up from a $100 million ARR in August (<a href=\"https:\/\/techcrunch.com\/2026\/02\/05\/a16z-vc-wants-founders-to-stop-stressing-over-insane-arr-numbers\/\" rel=\"nofollow noopener\" target=\"_blank\">depending on what the company means by ARR<\/a>), so that\u2019s nearly double the contracted revenue in less than six months.<\/p>\n<p class=\"wp-block-paragraph\">How has it become one of the breakout winners of AI enterprise applications? Weinberg recently told TechCrunch\u2019s editor-in-chief Connie Loizos\u00a0<a href=\"https:\/\/techcrunch.com\/2025\/11\/14\/inside-harvey-how-a-first-year-legal-associate-built-one-of-silicon-valleys-hottest-startups\/\" rel=\"nofollow noopener\" target=\"_blank\">an incredible story of how the company originally<\/a>\u00a0claimed the hearts of Silicon Valley\u2019s powerhouse VCs. <\/p>\n","protected":false},"excerpt":{"rendered":"There appears to be no stopping legal AI startup Harvey\u2019s skyrocketing growth, with VCs continuously throwing money at&hellip;\n","protected":false},"author":2,"featured_media":470465,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,63,99,198,67759,54163],"class_list":{"0":"post-470464","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-entrepreneurship","12":"tag-harvey","13":"tag-in-brief"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/470464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=470464"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/470464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/470465"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=470464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=470464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=470464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}